Positioned for Growth TZMI Congress 2016, Hong Kong 8 th November 2016
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Who we are Based in Perth, Australia 100% of the Kwale Mineral Sands Mine in Kenya Kenya s first large scale mining project Strong, settled Board and Management team Track record of project delivery and operational performance Recognised, successful business model in Africa Positioned to capitalise on growth opportunities
Capital structure ASX & AIM: BSE A$146 million market capitalisation @ $0.20 A$60 million group EBITDA for FY2016 US$147 million in net debt at 30 Sept 2016 US$42 million paid down since June 2015 Substantial Shareholders Interest Pacific Road Capital 21.9% Hunter Hall 18.0% Sustainable Capital 15.3% Taurus Funds Management 14.3% Aterra Capital 7.7%
A record of achievement First shipment February 2014 Corporately cashflow positive December 2014 First debt repayment made June 2015 Millionth tonne sold February 2016 Design production exceeded FY 2016 Operationally cashflow positive June 2014 WTR bid December 2014 Debt reschedule implemented December 2015 Expanded exploration tenure May 2016 First cash sweep July 2016
Kwale Mineral Sands Operation View video at www.baseresources.com.au
Built, commissioned and operating safely 16 MILLION Hours worked ZERO LTIFR Lost Time Injury Frequency Rate
Design output rates achieved.and now exceeded FY17 Production guidance: (1) Rutile 88,000 to 95,000 tonnes Ilmenite 450,000 to 480,000 tonnes Zircon 36,000 to 40,000 tonnes Note: Production targets are based on the following key assumptions for FY2017: Mining of 10.25Mt at an average heavy mineral grade of 6.95%, all from Ore Reserves; mineral separation plant (MSP) feed rate at 91tph; and MSP product recoveries of 102% for ilmenite, 100% for rutile and 78% for zircon.
Providing a focal point for economic development Co delivery Cosponsors
A very Kenyan workforce
The Base experience..from our employees perspective
Enhancing the value of Kwale Operations Note: Vanga SPL subject to final gazetting
New Tanzanian licenses only 100km from Kwale Operations
Positioned for growth A robust, stable base at Kwale Operations with extension potential Significant operational cashflow Improving commodity price outlook Rapidly reducing debt A highly capable team, ready for the next challenge A sound understanding of the opportunities in the sector Now working on getting the stars to line up